Massmart surges over 8%, as turnaround gains traction
Market responds positively to news that the company has already reached over 65% of its cost saving target.
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Market responds positively to news that the company has already reached over 65% of its cost saving target.
Massmart said yesterday it would pay R650 million out of its own pocket after the looting in KwaZulu-Natal and parts of Gauteng in July was not fully recovered from its insurance cover.
Retailers have been scrambling since the second quarter of 2020 to pre-order and stockpile goods at warehouses so that stock can be available on shelves during Black Friday and the December holiday period.
Selco Builders Warehouse has announced it will open its second Newham store on Europa Trade Park in Cody Road, Canning Town later in October 2021.
Kedibone Tsiloane spoke about their path to developing plastic bricks and how they overcame stereotypes associated with the building industry.